Fidelity MSCI Financials Index ETF
Of the 32 analysts covering Wells Fargo stock, 17 provided a “strong buy” or “buy” recommendation.
Revenue and earnings MetLife (MET), the holding corporation for the Metropolitan Life Insurance Company, saw its revenue fall 9% in 2016 and 5% in 2015. The fall was driven by universal life and investment-type product policy fees, net investment income, and other revenue. Expenses rose 2% in 2016 after falling 3% in 2015. Income from continuing operations, […]
3Q15 earnings offered strong signs that the Dodd-Frank Act is working. Banks are focusing on building their balance sheets and enhancing asset quality.
Company & Industry Overviews
In the third quarter, banks that relied heavily on interest-based income suffered, reporting record-low net interest margins.
In order to boost profitability in a low–interest rate environment, banks are reducing expenses by restructuring their businesses.